Why Were Treasury Yields So Stable Over the Summer?

Kasper Joergensen and Laura Wilcox

No 2020-12-29, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Early this year, economic activity plummeted as COVID-19 cases around the world surged and governments enacted restrictions to mitigate the spread of the virus. Over the summer, as restrictions were gradually lifted, the near-term outlook for the economy improved and economic data prints began to come in stronger than expected.

Date: 2020-12-29
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-12-29

DOI: 10.17016/2380-7172.2824

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